Flag Italy / Slovakia Flag

2021
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Exports
: $4.09B, Rnk 31 / 221

2021
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Top Product
: $275M, Motor vehicles; parts and accessories (8701 to 8705)

2021
FlagFlag
Exports
: $4.77B, Rnk 7 / 197

2021
FlagFlag
Top Product
: $1.16B, Cars

2021
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Economic Complexity (ECI)
: ECI 1.27, Rnk 19 / 131

2021
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Economic Complexity (ECI)
: ECI 1.31, Rnk 16 / 131

2021
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GDP
: $2.1T, CURRENT US$
Rnk 8 / 182

2011-2021
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GDP GROWTH
: -8.5%, CURRENT US$
Rnk 164 / 182

2021
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 GDP
: $115B, CURRENT US$
Rnk 57 / 182

2011-2021
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GDP GROWTH
: 15.5%, CURRENT US$
Rnk 114 / 182

2021
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GDP PC 
: $35,551, CURRENT US$
Rnk 27 / 182

2011-2021
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GDP PC GROWTH
: -8.02%, CURRENT US$
Rnk 146 / 182

2021
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GDP PC
: $21,088, CURRENT US$
Rnk 42 / 182

2011-2021
Flag
GDP PC GROWTH
: 14.4%, CURRENT US$
Rnk 88 / 182

Italy-Slovakia In 2021, Italy exported $4.09B to Slovakia. The main products that Italy exported to Slovakia are Motor vehicles; parts and accessories (8701 to 8705) ($275M), Insulated Wire ($92.6M), and Other Plastic Products ($90.7M). During the last 26 years the exports of Italy to Slovakia have increased at an annualized rate of 8.18%, from $530M in 1995 to $4.09B in 2021.

In 2020, Italy exported services to Slovakia worth $389M, with Travel ($158M), Transportation ($97M), and Other business services ($87.7M) being the largest in terms of value.

Slovakia-Italy In 2021, Slovakia exported $4.77B to Italy. The main products that Slovakia exported to Italy were Cars ($1.16B), Video Displays ($576M), and Air Pumps ($234M). During the last 26 years the exports of Slovakia to Italy have increased at an annualized rate of 8.59%, from $559M in 1995 to $4.77B in 2021.

In 2020, Slovakia exported services to Italy worth $288M, with Transportation ($185M), Other business services ($35.8M), and Travel ($35.3M) being the largest in terms of value.

Comparison In 2021,  Italy ranked 19 in the Economic Complexity Index (ECI 1.27), and 7 in total exports ($597B). That same year, Slovakia ranked 16 in the Economic Complexity Index (ECI 1.31), and 38 in total exports ($104B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, Italy exported $4.09B to Slovakia. The main products exported from Italy to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($275M), Insulated Wire ($92.6M), and Other Plastic Products ($90.7M). During the last 26 years the exports of Italy to Slovakia have increased at an annualized rate of 8.18%, from $530M in 1995 to $4.09B in 2021.

In 2021, Slovakia exported $4.77B to Italy. The main products exported from Slovakia to Italy were Cars ($1.16B), Video Displays ($576M), and Air Pumps ($234M). During the last 26 years the exports of Slovakia to Italy have increased at an annualized rate of 8.59%, from $559M in 1995 to $4.77B in 2021.

Slovakia Exports

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Market Competitiveness

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Color

Italy
Top Destination
: Germany, $78.4B

Slovakia
Top Destination
: Germany, $21.8B

This map shows whether countries import more from Italy or Slovakia. Each country is colored based on the difference in imports they receive from Italy and Slovakia or the difference in the growth in imports.

In 2021, countries that imported more from Italy than Slovakia were Germany ($78.4B), France ($61.6B), and United States ($58.1B).

In 2021, countries that imported more from Slovakia than Italy were Czechia ($11.6B), Hungary ($7.72B), and Palau ($2.99k).

Comparative Advantage Italy - Slovakia

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Flow
Scale

This chart compares trade between Italy and Slovakia by product, considering products traded by both, Italy and Slovakia.

During 2021, Italy had a large net trade with Slovakia in the exports of Machines ($1.28B), Metals ($893M), and Transportation ($424M).

During 2021, Slovakia had a large net trade with Italy in the exports of Machines ($1.72B), Transportation ($1.34B), and Metals ($550M).

Bilateral Service Trade

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In 2020, Italy exported services to Slovakia worth $389M, with Travel ($158M), Transportation ($97M), and Other business services ($87.7M) being the largest in terms of value.

In 2020, Slovakia exported services to Italy worth $288M, with Transportation ($185M), Other business services ($35.8M), and Travel ($35.3M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Slovakia. Similarly, the more yellow a dot/product is, the more Slovakia has comparative advantage over Italy.